Gold prices rose above the $1,400 an ounce barrier for the first time ever today. New fears sparked by the latest Irish debt problems drove investors to seek security in the eternal metal. Comments from World Bank President Robert Zoellicks earlier today, in which he suggested that major global economies should return to a new gold standard, helped push investors towards gold, where gold set a new record high at $1408.10 an ounce.
With our debt coming to maturity in the next ten years, which we cannot afford to pay, printing money seems to be our only option, which we feel is going to spur inflation, if not hyperinflation. We also feel if we adjusted gold for the inflationary highs of the 80's, gold bullion should already be at $2,200 an ounce, so we feel very strongly about a further drive up in gold over the next five years.
he first U.S. exchange-traded fund (ETF) investing in companies that produce rare-earth elements and other strategic metals began trading this morning on the NYSE.
Health regulators plan to spend millions of dollars to step up their scientific prowess in a move that officials say will help quickly get new treatments to patients and protect the public against possible health threats.
An influential U.S. senator on Tuesday raised the prospect of an industry-wide moratorium on foreclosures as he pressed three banks accused of fraudulent practices to outline steps they are taking to fix their procedures.
Wall Street banks facing dwindling trading volumes may find that they have just one option left to boost profits: paying less of their revenue to many of their employees.
Connecticut's attorney general on Friday called on state courts to freeze home foreclosures for 60 days after borrowers claimed that major lenders may be making misstatements in the foreclosure process.
The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares
Jobless claims unexpectedly rose in the latest week, a sign the labor market still faces headwinds. Existing-home sales rose in August, but from depressed levels .
U.S. billionaire Warren Buffett could deliver some tough talk to BYD Co Ltd when he visits the Chinese automaker
Health insurers should be able to exclude most federal taxes, but not all, in calculating spending rates to meet new healthcare law requirements, an insurance advisory group has proposed.
David Robinson, an NBA Hall of Fame star, is venturing further into the real estate investment world.
US fund manager Franklin Templeton plans to invest heavily across the Asia-Pacific region aims to launch a new Asian property fund of funds. It also intends raising about $300 million from institutional investors in Europe and Australia, a Reuters report said.
Listed below are five such qualities that we believe will help you make that informed decision and boost your fortunes:
Foreign Direct Investment (FDI) in China spiked up for 13th straight month in August, despite complaints from the US and European companies over alleged unfair business environment and the Chinese government's favors for domestic firms.
Morgan Stanley on Friday said Jay Mantz would be vice chairman of its real estate investing group.
Offshore debt sales spurs confidence that the borrowers have the resources to weather a slowing economy, make clear by the fact that bonds issued by China developers are rebounding from their worst first half in two years as a record $6.8 billion, according to Bloomberg.
Macquarie Group begun cutting jobs late on Monday after warning of a 25 percent drop in first-half earnings amid weak markets, The Australian newspaper reported on its website on Tuesday, citing unnamed fund managers.
A rebound in the cross-border mergers and acquisitions market would be the major driver of the world economic growth in foreign direct investment (FDI), said UNCTAD's survey.
Gold prices were mixed in Asian trade Friday ahead of a key US jobs data while ETF gold eased.
Gold for immediate delivery was seen trading at $1249.64 an ounce at 12.00 noon Singapore time while US gold futures for December delivery was at $1251.7 an ounce at the same time.
Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld an anti-takeover poison pill put in place by bookseller Barnes & Noble Inc .
A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share, or about $4 billion (2 billion pounds), cable business channel CNBC reported on Thursday.
